5 years rule in section 44AD

Recent Posts

• “Human probabilities” and the concept of penny stock may not justify additioni without assessee’s involvement
• New law to curb unregulated and fraudulent private money lending practices
• GST Council cannot impose a wrong classification of Goods
• Can purchase of more than one residential unit by HUF qualify for Sec 54 benefits?
• Key Highlights of the 55th GST Council Meeting
• Interest on surplus fund during pre-commencement of the business – Whether Business Income or Other source Income?
• Conversion of Sole Proprietorship to a Company is not a transfer & Exempt from capital gains tax
• Change in the Tax Law Related to Partnership Firm & the Controversial issues
• Taxpayers Facing Assessments Due to ITC Claimed Under the Wrong Head- Relief by Kerala HC
• Safari Retreats : The Long Journey – One small drafting error leading to years of litigation & cost